Cooperation talks among Germany’s Volkswagen Team and India’s Tata Motors about joint development of a low-cost motor vehicle for emerging marketplaces, have been finished amicably, a Volkswagen Team source reported on Thursday.

FRANKFURT: Cooperation talks among Germany’s Volkswagen Team and India’s Tata Motors about joint development of a low-cost motor vehicle for emerging marketplaces, have been finished amicably, a Volkswagen Team source reported on Thursday.

Volkswagen was not right away obtainable for comment.

In March, Tata Motors and Volkswagen declared a Memorandum of Comprehending (MoU) for a extended-term partnership to explore joint development of solutions for customers in India and other marketplaces.